The Nifty50 and the Sensex fell as oil prices increased on renewed tension between the US and Iran.
As of 10 AM, the Nifty50 was down 313.70 points or 1.33 per cent at 23,332.70, and the Sensex fell 1,023.76 points or 1.36 per cent to 74,214.23.
Power Grid Corporation, Tata Steel, and Titan Company were the top losers in the Nifty50 index.
In the broader markets, the Nifty MidCap and the Nifty SmallCap indices were trading 1.66 per cent and 2.15 per cent down, respectively.
Sector-wise, the Nifty Consumer Durables, Nifty Realty, the Nifty PSU Bank, and the Nifty Media underperformed. Meanwhile, the Nifty IT outperformed.
US President Donald Trump said in a social media post that the time is ‘ticking fast’ for Iran, and warned that if Tehran does not make a decision soon, nothing will be left.
Brent crude’s May future contract was trading 1.78 per cent higher at $111.13 per barrel on the Intercontinental Exchange.
Q4 results today
63 Moons Technologies, Afcons Infrastructure, Ajax Engineering, Apollo Micro Systems, Astral, DOMS Industries, Electrosteel Castings, Gujarat Narmada Valley Fertilizers & Chemicals, GE Vernova T&D India, HLE Glascoat, Indraprastha Gas, Indian Oil Corporation, Jain Resource Recycling, JK Paper, JSW Cement, Ola Electric Mobility, Puravankara, Shivalik Bimetal Controls, Seamec, Sun Pharma Advanced Research Company, Strides Pharma Science, Baazar Style Retail, Subros, Timken India, Triveni Turbine, VRL Logistics, and Zydus Wellness will release their fourth-qaurter (Q4FY26) result.
IPO Today
NFP Sampoorna Foods initial public offer will open for subscription on Monday. The company is seeking to raise ₹24.53 crore from the primary markets.
Comments are closed.